TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description
KPJ HEALTHCARE BERHAD ("KPJ" OR "THE COMPANY")
PROPOSED ACQUISITION BY KUMPULAN PERUBATAN (JOHOR) SDN BHD (COMPANY NO. 170968-A) ("KPJSB"), A WHOLLY-OWNED SUBSIDIARY OF KPJ, OF COMMERCIAL PARCEL(S) MEASURING IN TOTAL APPROXIMATELY 125,000 SQUARE FEET IN GROSS FLOOR AREA IN A BUILDING TO BE ERECTED, FROM CORONADE PROPERTIES SDN BHD (COMPANY NO. 884004-P) (FORMERLY KNOWN AS ARAB ASIA PROPERTIES SDN BHD) FOR A TOTAL PURCHASE CONSIDERATION OF RM90,000,000 ("PROPOSED ACQUISITION").
The Board of Directors of KPJ (“Board”) wishes to announce that the Company’s wholly-owned subsidiary company, Kumpulan Perubatan (Johor) Sdn Bhd (“KPJSB”), had on 19 November 2015, signed a Sale and Purchase Agreement (“SPA”) with Coronade Properties Sdn Bhd (formerly known as Arab Asia Properties Sdn Bhd) (“Coronade” or “Vendor”) for the Proposed Acquisition.
The details of the announcement are as per attachment.
